Magnolia Gardens Inc

Analysis

Magnolia Gardens Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Magnolia Gardens Inc reported income of $532k and spending of $668k, spending 126% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $429k to $532k (+24%), an average of +4.4% a year. Over the whole period it spent 124% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Magnolia Gardens Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Devils River Conservancy ($532k), Pacific Rim Institute for Environmental Stewardship ($532k) and Yellowstone River Parks Association Inc ($531k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $126k. At year end it held assets of $2.0m against liabilities of $4.1m, net assets of -$2.1m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.